The Pound Sterling (GBP) drops as investors turn risk-averse amid upside risks to Middle East tensions and anxiety ahead of the interest rate decision by the Bank of England (BoE).
Pound Sterling retreats as market sentiment dampens due to Israel-Palestine conflicts. The BoE is expected to keep interest rates unchanged to due to potential slowdown fears. A steady monetary policy decision from the BoE will keep policy divergence with the Fed intact. The GBP/USD pair faces selling pressure as the BoE is expected to keep interest rates unchanged at 5.25%, which will keep policy divergence with the Federal Reserve intact.
Meanwhile, higher US long-term bond yields have tightened financial conditions, doing the Fed’s job effectively. Apart from the Fed’s monetary policy, the US Dollar Index will dance to the tunes of the private payrolls and the ISM Manufacturing PMI data for September, which will be published on Wednesday. Technical Analysis: Pound Sterling corrects from four-day high Pound Sterling falls sharply from a four-day high around 1.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pound Sterling remains calm as focus shifts to BoE monetary policy meetingThe Pound Sterling (GBP) struggles to find a direction on Monday as investors await the interest rate decision from the Bank of England (BoE) for furt
Read more »
Pound Price Forecast: Upcoming BoE Expectations Keep GBP SubduedGBP prices stay suppressed ahead of both the Fed and BoE interest rate decisions later this week.
Read more »
Pound Sterling Price News and Forecast: GBP/USD aimed at 1.22 as US Dollar eases back.
Read more »
Pound Sterling Price News and Forecast: GBP/USD hangs near daily low.
Read more »
GBP/USD Price Analysis: Consolidates above 1.2100 ahead of Fed, BoE decisionsGBP/USD hovers around the 1.2120 level with a negative tone during the Asian session on Monday. The pair moves sideways ahead of the policy meetings o
Read more »
EUR/GBP rises to multi-month highs after German inflation data, BoE decision loomsAt the beginning of the week, the EUR/GBP cross gathered momentum and jumped to its highest level since early May, near 0.
Read more »